Sundaram Mutual Fund has launched the NFO of Sundaram Fixed Term Plan -CW (367 Days), a close ended income scheme.
The NFO opens for subscription on June 13, 2012 and closes on June 20, 2012. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs. 5000.
The scheme’s performance will be benchmarked against CRISIL Short term Bond Fund Index and its fund manager is Dwijendra Srivastava.
The investment objective of the scheme is to generate income with minimum volatility by investing in debt and money market securities, which mature on or before the maturity of the scheme.
Source: Accord Fintech